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Howdy Folks,
Early last week,
XSNX released a business update on its website
announcing that not only have they obtained a registered trade mark
for the
CIGSolar brand, but has completed assembly of their
CIGSolar evaporator.
CIGSolar is designed to produce high
performance, low cost thin-film
CIGS solar cells, equivalent to
silicon cells in size and performance. Their low cost, high
through-put, high yield, high performance
CIGSolar cell lines
enable manufacturers to quickly bring to market competitive thin
film cells based upon low capital expenditures and small factory
footprints.
But what does this mean The
CIGSolar evaporator assembly has
been an ongoing process that I have been watching closely for quite
some time now and because it is now complete, the company will be
able to demonstrate it to potential customers.
Over the past several months,
XSNX has seen highs of nearly $0.07
and a bullish increase in trading volume. I think more traders are
beginning to watch this story unfold.
Better yet, in the update the company specifically stated,
"potential customers have been contacting us with considerable
interest in seeing demonstrations of the
CIGSolar system." I think
the company has caught a stride with its patent pending
CIGSolar
technology and this update could just be the tip of the iceberg.
CEO Tom Djokovich was profiled on a recent MoneyTV Interview and
covered, in-depth, the latest developments of the company including
the new USPTO Register,
CIGSolar completion, and where the company
is looking to go next:
http://www.xsnxstockinfo.com/
Forbes recently covered the newest developments on the alternative
energy sector and solar panel manufacturing in China. According to
the article, U.S.-listed Chinese solar panel manufacturers have
been slapped with tariffs and countervailing duties of up to 250
percent after the U.S. International Trade Commission (ITC) found
that the U.S. solar panel industry had been harmed by Chinese
dumping. What this could mean for US companies is that a door may
be open to take advantage of a new baseline and even playing field
in the solar industry.
It would appear that one of the biggest culprits of unfair
competition is the overall price that China has v.s. what US solar
panel manufacturing companies can offer.
XSNX may be perfectly
positioned in all of this because not only is its patent pending
technology a breakthrough product but, how it is produced, makes it
extremely cost effective compared to conventional methods.
Looking at this from a company perspective, the technology may
allow for traditional product purchase from customers, licensing
opportunities, and may even be a potential acquisition candidate
for larger Solar Panel Companies. President Obama implemented an
initiative to pursue more alternative energy solutions and solar is
prominent on that list. With another 4 years, this could be just
the beginning for the emergence of government backed policy on
alternative energy.
It`s these outside factors coupled with a nice bounce setup that
lead me to believe
XSNX is prime for a breakout. Check the facts
yourself, the government backing for these types of projects is
there and now with a trademark and completion of a new product,
XSNX could really start to heat things up.
Look out for further updates on their
CIGSolar evaporator and pay
close attention to its rise in sales, this could hint at a further
move higher for
XSNX.
Like always, your due diligence and research should always be
conducted thoroughly!
Happy Trading J
StockExploder.com
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